Virtuozzo, a leading provider of virtualization and hyperconverged infrastructure, has announced today that it has acquired Jelastic’s technology and business. Jelastic is a company that provides multi-cloud Platform-as-a-Service (PaaS) software, following a 10-year partnership.
Bringing Jelastic’s platform and app management abilities in-house forms Virtuozzo’s core technology stack. It is providing a fully integrated solution that supports all relevant use cases, such as Anything-as-a-Service (XaS). It supports cloud infrastructure, software-defined storage and application management, also modernization, shared hosting, and VPS.
Virtuozzo provides the first fully integrated, cost-effective, and easy-to-use cloud solution which is designed for cloud service providers, hosting service providers, managed service providers, and small and medium-sized business (SMB) clients. Virtuozzo supports service providers in increasing profitability by providing a comprehensive portfolio of management and services tools.
Many vendors related to PaaS mainly focus on a single-purpose offering. Jelastic, however, offers a robust, multi-purpose solution that, via the acquisition, will position Virtuozzo as a strong player in the PaaS market and further strengthen Virtuozzo’s position overall in the rapidly growing cloud services space.
“Virtuozzo and Jelastic have been strong partners over the past 10 years because of our complementary technologies and products,” said Alex Fine, CEO of Virtuozzo. “Virtuozzo containers have been incorporated into Jelastic’s Platform-as-a-Service for virtualization since that solution’s inception. Together, our engineering teams have co-developed solutions to enable features required by the market throughout our partnership. And now, with Jelastic joining our team, Virtuozzo can offer a complete, enterprise-grade, turnkey cloud enablement platform with fully integrated orchestration and a single point of management.”
Service Providers Want Simplicity, Automation and Choice
Service providers are demanding automation and simplification in container and cloud management. Jelastic has been offering a production-ready platform proven to cover these needs for years. The acquisition allows seamless enhancements and tighter integration.
Additionally, service providers want a set of products wider enough to offer end users. “Freedom of choice” is the main mantra, running throughout the Jelastic ecosystem. Clients can choose various services and solutions, different types of workloads and management through an automated orchestration.
“Our companies are completely aligned and deeply understand the challenges and opportunities in the service provider industry where Platform-as-a-Service enablement is the key in the process of SaaS-ification and digitalization of its customers,” said Jelastic CEO Ruslan Synytsky.
“Our joint partners will benefit from this acquisition since together we become a one-stop shop for Anything-as-a-Service, making it easier to get whatever they need for their users. The joint forces will accelerate the innovation and product development cycles. Together we can raise the bar for the industry standards with the help of our unique technologies that solve real problems of the cloud users,” he added.
Platform-as-a-Service Market Shows Strong Growth
In 2022, the PaaS market is expected to reach approx. $71 billion U.S. dollars, based on Gartner research. Cloud services (such as PaaS) are estimated to increase by a high margin at around 27%.
PaaS adoption among service providers is driven by end-users’ demand for access to easy-to-manage, scalable and high-performance solutions.
By acquiring Jelastic, Virtuozzo allows its service provider partners to attain higher ROI by getting new customers and retaining existing customers via enabling XaaS use cases. This will provide customers with more advanced automation and simplified DevOps processes.
Business as Usual
Business will continue as usual, with Jelastic operating as a division of Virtuozzo, underscoring the value in the brand and technologies of Jelastic. Ruslan Synytsky has been appointed Chief Technology Officer of Virtuozzo.
The integration of sales and marketing teams of Jelastic will expand Virtuozzo’s worldwide footprint and brand visibility. Jelastic’s engineering resources’ integration will allow Virtuozzo to accelerate its full-stack offering and deliver a richer experience over multiple cloud providers.
Terms of the transaction were not disclosed.